R
Ritu
I have sold a property and now i am getting an hefty tax amount to pay. please advice
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Although the answer will depend on the amount of capital gain and calculation thereof, a general way to save tax is to invest in a residential house property or in specified bonds.
Contact on 9719144360 for further details
The Tax exemptions are available for Capital gains on ale of Property. You can contact at 9891013809 to discuss.
CA Chirag Mirani 11 Mar 2019You can get benefit of two exemption and save you tax . for that you have to investment in property or and in bond . more details contact me on 8347020490.
I can help you out in tax planning and investment
Reach out to me @ +918355841137
S
Shikhar Garg
I have an education loan. Now, my father is willing to pay it off. Who should file the tax return for this loan repayment, me or my father?
you can claim deduction of interest paid.For more details contact on 9708549709.
CA Chirag Mirani 11 Mar 2019It can be taken in that person who is paying that loan .
"For more Details contact me ( CA chirag Mirani).
Email. chiragmirani23@gmail.com and Phone +91 8347020490"
G
Ganesh
I have purchased flat out of money from my NRE account, each money, payment to builder, registration etc were made from NRE account.
Now I am selling of this flat, hw do I get the sell money into my NRE account, what are all steps/process do I need to comply with this and do I have to pay capital gains tax on this, its 9 years since I bought this flat.
We need to check all the facts and look at the provisions of income tax since the investment were made out of foreign income totally as its from your NRE account.
If you want to discuss it further you can mail me at canamanmaloo@gmail.com
G
Ganesh
I have acquired my grandfathers property after demise of my father, it was a old single house plot which I have given to builder for developing, he's building tower with flats, I will get my part of flats, I am planning to sell of the flats.
Now the question is how the capital gains tax will be calculated on this as the single plot is developing into flats and I am acquiring only few of those flats.
Also note my grandfather purchased this plot in 50's how the capital gains tax can be calculated.
First of all this is a case of Joint Development Agreement/Collaboration Agreement.
Now in your case there will be two instances of Capital Gains.
Firstly when you sell land right to builder and secondly when you sell these flats.
As per section 45(5A) of IT Act where CG arises to an assessee, being an individual or a Hindu undivided family, from the transfer of a capital asset, being land or building or both, under a specified agreement, the capital gains shall be chargeable to income-tax as income of the previous year in which the certificate of completion for the whole or part of the project is issued by the competent authority
Therefore CG shall be chargeable when you receive completion certificate.
Secondly CG shall be charged when you sale these flats.
For CG Calculations contact on 9953461065 or casanchit2019@gmail.com
M
Mahesh Sharma
AB associates funcitioning as an auditor in x ltd. after conclusion of 7th AGM, Mr. A (partner) retired from the firm , is Mr. A can be appointed as an auditor after expiry of 10 year period of the audit firm???
